$1,175,000
SOLD MAR 20, 2024
4 Beds
6 Baths
3,704 Sq Ft
5,075 Sq Ft Lot

Recently Sold

$317 Per Sq Ft

22% Below List Price

243 Days on Market

About This Home

As of March 2024

This is a wonderful opportunity to own a duplex, centrally located near paramount studios, Raleigh Studios as well as Silverlake, Echo Park, and Los Feliz. Minutes to downtown, Hollywood and some of the most sought after eateries LA has to offer. This home offers 2 units, each with 2 bedrooms, 2 full baths and 1 half bath. The upstairs has two over-sized bedrooms and one full bathroom. Downstairs you will find (in each unit) a welcoming and cozy living room complete with a fireplace and beautiful staircase. Each unit has a formal dining room and a functional room that can either be used as a bedroom OR in one unit is currently being used as a laundry room. Home also has a detached garage with additional off street parking. Also has a quaint yard space perfect for entertaining on those warm summer evenings. Would be ideal for the person looking to live in one and rent the other. Each unit has a detached garage which may be possible to convert to ADU's. (Buyer to verify with city regarding possibilities). Photos are not recent photos, however they give a good idea of the layout.

Last Agent to Sell the Property

Christine Akin

The Real Estate Resource Group Brokerage Phone: 310-221-1108 License #01787287 Listed on: 06/12/2023

The Real Estate Resource Group

Last Buyer's Agent

Rachelle Tan

LPT Realty, Inc License #01889314

LPT Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,246

Year Built

  • Built in 1936

Lot Details

  • 5,075 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,704 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 96
  • Tax Tract Number 3471
  • Assessor Parcel Number 5538006027
  • $420 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,100
  • Water Sewer Expense $2,200
  • Operating Expense $5,800
  • Net Operating Income $36,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,246

Year Built

Built in 1936

Lot Details

0

Parking

4

Listing Details

  • Inclusions: Stoves
  • Price Per Unit: 599500
  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Zoning: LARD2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5538006027
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front door
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 317.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5075.00
  • Lot Size Acres: 0.1165

Multi Family

  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5075.0000 Square Feet
  • Net Operating Income: 36200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5800.00
  • Operating Expense Percent: 1.00
  • Rent Control: Yes
  • Total Expenses: 5800.00

Tax Info

  • Tax Census Tract: 1915.00
  • Tax Lot: 96
  • Tax Tract Number: 3471
  • TaxOtherAnnualAssessmentAmount: 420.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Feb 27, 2024
Sold by
Cole Zachary and Cole Courtney
Bought by
Abeleda Amel Valdez and Abeleda Aaron Valdez
Seller's Agent
Christine Akin
The Real Estate Resource Group
Buyer's Agent
Rachelle Tan
LPT Realty, Inc
List Price
$1,500,000
Sold Price
$1,175,000
Premium/Discount to List
-$325,000
-21.67%
Views
124
Current Estimated Value
$1,356,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,782
Avg. Annual Appreciation
10.99%
Original Mortgage
$981,500
Outstanding Balance
$966,154
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$390,628

Purchase Details

Listed on
Jun 12, 2023
Closed on
Feb 26, 2024
Sold by
Dizon Mendoza Marikris
Bought by
Abeleda Aaron Valdez
Seller's Agent
Christine Akin
The Real Estate Resource Group
Buyer's Agent
Rachelle Tan
LPT Realty, Inc
List Price
$1,500,000
Sold Price
$1,175,000
Premium/Discount to List
-$325,000
-21.67%
Views
124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,500
Outstanding Balance
$966,154
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$390,628

Purchase Details

Closed on
Jan 18, 2007
Sold by
Mudrick Jeffrey
Bought by
Cole Zachary and Cole Courtney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2006
Sold by
Nguyen Hong Hanh Thi
Bought by
Mudrick Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2004
Sold by
Clements Winifred
Bought by
Mudrick Jeffrey

Purchase Details

Closed on
Feb 17, 2000
Sold by
Mudrick Jeffrey
Bought by
Mudrick Jeffrey and Nguyen Hong Hahn Thi
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,175,000 Wfg National Title
Grant Deed -- Wfg National Title
Grant Deed $750,000 Southland Title Company
Interfamily Deed Transfer -- Southland Title
Quit Claim Deed -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $981,500 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $600,000 Purchase Money Mortgage
Previous Owner $150,000 Credit Line Revolving
Previous Owner $297,500 Unknown
Previous Owner $271,300 Unknown
Previous Owner $276,750 Unknown
Previous Owner $230,300 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $1,175,000 -2.0% $317 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
02/02/2024 02/02/24 Price Changed $1,199,000 +0.3% $324 / Sq Ft
01/18/2024 01/18/24 Price Changed $1,195,000 -8.0% $323 / Sq Ft
06/28/2023 06/28/23 Price Changed $1,299,098 -7.2% $351 / Sq Ft
06/19/2023 06/19/23 Price Changed $1,400,000 -6.7% $378 / Sq Ft
06/12/2023 06/12/23 For Sale $1,500,000 -- $405 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,246 $1,198,500 $958,800 $239,700
2024 $12,246 $985,125 $722,430 $262,695
2023 $12,012 $965,810 $708,265 $257,545
2022 $11,456 $946,874 $694,378 $252,496
2021 $11,301 $928,309 $680,763 $247,546
2019 $10,964 $900,776 $660,572 $240,204
2018 $10,860 $883,115 $647,620 $235,495
2016 $10,356 $848,824 $622,473 $226,351
2015 $10,205 $836,074 $613,123 $222,951
2014 $10,244 $819,697 $601,113 $218,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23103795

California Regional Multiple Listing Service (CRMLS)

APN: 5538-006-027